2, WALLACE CLOSE, DEREHAM, NR19 2XR - £233,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 WALLACE CLOSE is a midsized detached house of 106m², built sometime between 1996 and 2002. It was last sold for £233,500 in March 2019, which was around 22% below the average March 2019 detached price in the Breckland local authority area. The most recent EPC inspection was July 2015, where the current energy rating was C, and the potential energy rating was B.

2 WALLACE CLOSE Sold Prices

Land registry data shows five sales for 2 WALLACE CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. All of the five 2 WALLACE CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 1 MAR	£233,500	£298,746	22% below HPI
2016 31 MAR	£223,000	£258,548	14% below HPI
2015 30 OCT	£226,000	£254,575	11% below HPI
2003 28 NOV	£157,500	£172,970	9% below HPI
1999 4 OCT	£79,995	£92,232	13% below HPI

2 WALLACE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The five 2 WALLACE CLOSE sales between October 1999 and March 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the March 2016 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the March 2019 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 2 WALLACE CLOSE?

2 WALLACE CLOSE is 106m² according to the EPC inspection conducted in July 2015. This puts it in the smallest 50% of detached houses in Dereham, based on EPC data. The below chart shows the distribution of detached houses by size in Dereham, and where 2 WALLACE CLOSE lies on this distribution: 44% of detached houses are smaller than 2 WALLACE CLOSE, and 55% of houses are larger. Note that EPC data is not available for all properties in Dereham.

2 WALLACE CLOSE: Plot and Title Map

2 WALLACE CLOSE sits on a plot of roughly 0.076 of an acre, or 309m². The below map shows the location of 2 WALLACE CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 2 WALLACE CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 2 WALLACE CLOSE?

2 WALLACE CLOSE is located in DEREHAM, in the NR19 postcode district. The below map shows the position of No. 2 on WALLACE CLOSE.